As U.S. Treasury interest rates have risen, attracting investors to sell stocks to the bond market, the Hong Kong stock market fell on Tuesday (October 3) to the lowest point since this year.
Comprehensive American Wall Street Journal and Reuters reported that the Hong Kong Hang Seng Index fell 2.7%on Tuesday to close at 17331.22 points, the lowest closing level since this year.The main board for the whole day was HK $ 86.121 billion (about S $ 15.1 billion).The Hang Seng China Enterprise Index fell 3.24%, and the Hang Seng Technology Index fell 2.63%.
The decline in the Hong Kong stock market continues until Wednesday (4th).As of 2:30 pm, the Hang Seng Index fell 1.04%, the Hang Seng China Enterprise Index fell by 1.33%, and the Hang Seng Technology Index fell 2.19%.
One of the reasons that caused the Hong Kong stock market to be sold is the increase in US Treasury yields. The 10 -year US Treasury yields hit 4.7%on Monday.
Jason Lui, the director of the Bank of Paris, France, said that because you can earn generous returns into the US bond market, this has reduced the attractiveness of Hong Kong stocks, "international investors may consider re -assigning positions to the United States" "Essence
The severe downturn in the Chinese real estate market and the tension between China and the United States have hit the emotions of global investors. Although the Chinese economy has shown active signs in recent months, foreign investors are still empty to the Chinese economy and affect the Chinese economy and spread.Hong Kong stock market.
In addition, the market in mainland China is closed due to the National Day holiday, and market transaction activities have decreased.Investors are also watching the Golden Week holiday travel data, looking forward to the data recovery.
